China becomes biggest foreign investor in Vietnam
Prime Minister: Mekong – River of cooperation and development

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Prime Minister Nguyen Xuan Phuc welcomes Governor of Yunnan Province Ruan Chengfa in Hanoi on Thursday. — VNA/VNS Photo Thong Nhat

 

During a reception for the Chinese governor in Hanoi on Thursday, the PM said the trip would benefit Yunnan and Vietnam’s border areas and the Vietnam–Yunnan economic co-operation corridor.

He also hailed the collaboration between Vietnamese ministries, agencies, localities with Yunnan over the years. Two-way trade between Vietnam and Yunnan hit US$4.15 billion last year, up 13 per cent from 2017, he said

The PM suggested the two sides discuss ways to increase two-way trade and develop the Kunming–Hanoi–Hai Phong economic corridor.

He said Yunnan is a great partner for Vietnam thanks to its aviation, railway and road connectivity, while Vietnam is developing transport infrastructure in border areas.

The PM asked Yunnan to push cross-border trade, ease customs clearance procedures to minimise jams in border areas and import more agro-forestry-aquatic products from Vietnam via mainstream channels.

He proposed Yunnan boost people-to-people exchange and expand ties between departments and agencies of Yunnan and Vietnam.

The Vietnamese leader asked the two nations’ border localities to continue paying heed to legal documents on the Vietnam–China border, and turn the borderline between Yunnan and Vietnamese localities into a model in bilateral ties.

He described railway transportation as the main foundation for bilateral economic and trade ties, and proposed opening a Hai Phong–Yunnan direct flight to develop tourism and border trade.

Ruan said he hoped both sides would reinforce economic and trade ties, as well as develop railway transportation and tourism.

Yunnan will work closely with Vietnamese ministries, agencies and localities to realise agreements reached by the two nations’ senior leaders, he added, adding that he thinks the Kunming–Hanoi–Hai Phong economic corridor is set to thrive.

VNS